Applied for BR now waiting

sourcrates

Don`t overthink things, the OR is well versed in their job, they apply common sense to everything, of course they know sometimes people are paid a bonus, and they realise you might be a tad nervous about your situation.

They are not looking to trip you up, the interview is more of a box ticking exercise, you say your piece, they say theirs, just be honest and truthful, you cannot fail this auidition, so calm down, take your time, and make sure you budget correctly for everything, the allowences are suprisingly high in some instances, its better to overbudget, and have it reduced, than to underbudget and lose out.

MD201989

sourcrates said:

Don`t overthink things, the OR is well versed in their job, they apply common sense to everything, of course they know sometimes people are paid a bonus, and they realise you might be a tad nervous about your situation.

They are not looking to trip you up, the interview is more of a box ticking exercise, you say your piece, they say theirs, just be honest and truthful, you cannot fail this auidition, so calm down, take your time, and make sure you budget correctly for everything, the allowences are suprisingly high in some instances, its better to overbudget, and have it reduced, than to underbudget and lose out.

Can your budget increase after have applied?

my application has gone in already and am waiting for the telephone call


what will happen if I do have some funds left over after my income and expenses?

if it’s decided that I still have to make some payments and I just can’t keep up with them then am I still bankrupt but it won’t be discharged?

why would that matter anyway?


it seems the economy is in such a state with the level 4 lockdown that there must be record numbers of bankruptcies on the horizon 

Morfx

The OR will look at you income and decided if you have to make extra payments. You can argue your case, but if you disagree the OR will go to court to seek additional payments (which could well cost you more)

flipflopflo

Do you have any surplus on the SoA you submitted to the OR? Do you feel that your SoA fairly reflects what you spend? If you pop up your SoA then there are people here who have a good general knowledge of BR and can say what is generally acceptable or not.

Did you talk to the likes of National Debtline or Stepchange before you declared BR?

If you feel that any of your figures were maybe too low you can say to the OR 'on reflection I may have underestimated how much I spend on blah blah would you allow a little more? maybe £x'. If they give you an IPA and you don't agree with it then you say you don't agree with it and  ask the OR for a breakdown of what they've allowed and come on here and post what they have allowed and there will be posters who will help you. 

If you accept the IPA and later on your circumstances change ie: redundancy, pay cut, bills rising, pay rise etc. then you contact them with a new SoA and a breakdown of your new circumstances and the the IPA can be increased, decreased or suspended (if it is suspended then those months will count to the overall 36 months)

And no I am not drunk. 

MD201989

flipflopflo said:

Do you have any surplus on the SoA you submitted to the OR? Do you feel that your SoA fairly reflects what you spend? If you pop up your SoA then there are people here who have a good general knowledge of BR and can say what is generally acceptable or not.

Did you talk to the likes of National Debtline or Stepchange before you declared BR?

If you feel that any of your figures were maybe too low you can say to the OR 'on reflection I may have underestimated how much I spend on blah blah would you allow a little more? maybe £x'. If they give you an IPA and you don't agree with it then you say you don't agree with it and  ask the OR for a breakdown of what they've allowed and come on here and post what they have allowed and there will be posters who will help you. 

If you accept the IPA and later on your circumstances change ie: redundancy, pay cut, bills rising, pay rise etc. then you contact them with a new SoA and a breakdown of your new circumstances and the the IPA can be increased, decreased or suspended (if it is suspended then those months will count to the overall 36 months)

And no I am not drunk. 

The way this level 4 lockdown is going life is getting harder for everyone 

flipflopflo

Yes indeed it is. We’re just waiting to hear if my husband has a job in the new year. 

Now how about answering some of my questions and people can offer some support and advice.